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Correlation between real estate and common stock returns

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Reference no: EM131736899

Question: What does the term ‘‘appraisal smoothing'' mean in the context of an appraisal-based aggregate real estate return index? What effect do you think smoothing has on the volatility (standard deviation) of real estate returns and the correlation between real estate and common stock returns? Explain. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131736899

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